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Problem 3: Below are the net benefits from two proposed projects to enhance environmental quality in Las Vegas. Project A Project B Year 0 0

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Problem 3: Below are the net benefits from two proposed projects to enhance environmental quality in Las Vegas. Project A Project B Year 0 0 0 Year 1 100 50 Year 2 100 50 Year 3 50 50 Year 4 50 175 a. Which project will be chosen if the discount rate is 0%? Why? b. Which project will be chosen if the discount rate is 1%? Why? c. Which project will be chosen if the discount rate is 10%? Why

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